The global 2017 palladium supply will shrink by 2%, to 6.631 million ounces or 206 tons, and Russian sales will decline by 3%, to 2.684 million ounces or 83 tons, meaning that deficit will widen to 24.4 tons, Johnson Matthey, the world’s largest refiner of platinum and palladium, said in a research note on May…Details
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In January-March Ukraine supplied 364 thousand tons of steel products to Russia, up 1.5-fold YoY. According to the Federal Customs Service, the value of the deliveries is $220 million, up 2.3-fold YoY. The main part of the import (48.5%) was the flat-rolled steel, up by 19.6% YoY, while value increased 2.4-fold. Some 40% of imports…Details
Kazakhmys Corporation intends to construct a hydrometallurgical works valued at $350 million. “Its copper concentrate output will be 649.2 thousand tons per year. The construction is planned for 2018-2021”, a company representative explained. “Actually we plan to construct two works. The first one will be trial with 32.16 thousand tons of concentrate per year”. (Ukrainian…Details
Kolmar has signed an agreement to supply 240 thousand tons of coking coal to Baowu Steel. The coal will be supplied from Ingalinskaya-1 processing factory. According to Kolmar Sales and Logistics board of directors chairwoman Anna Tsivileva, under the contract the coal will be supplied from April 2017 till March 2018. Earlier Baowu received several…Details
Uraldomnoremont-Yekaterinburg LLC has laid claims to Chelyabinsk Iron and Steel Works. The amount of claims is 34.2 million rubles. The corresponding suit has been submitted to the court. Uraldomnoremont-Yekaterinburg produces machinery and equipment for metal industry. This is not the first time that the company claimed multi-million sums from ChMK. At present the court is…Details
This year Bratsk Aluminum Works will spend around 1.2 billion rubles on the environment program. According to the company managing director Evgeniy Zenkin, some 1 billion rubles will be spent on air pollution decrease – the company will continue modernizing gas-purifying machinery. “An important part of the program is the procurement, processing and secondary usage…Details
In 2016 Magnitogorsk Iron and Steel Works increased rolled metal supplies to Georgia by 30% YoY. Total supplies to the Transcaucasia countries last year exceeded 150 thousand tons, or 16% of all deliveries to the neighbor foreign countries. The company notes good prospects to increase exports to the region. (Ukrainian metal)Details
Within the framework of Metalloinvest operational improvements program Lebedinsky Mining and Processing Works is repairing drying drums at the processing factory shop No. 4. Four major improvements have already been done, which improved the drying efficiency with the total annual effect of 26 million rubles. (Ukrainian metal)Details
The demands of the striking miners from Evraz Sukhaya Balka have not changed. They demand the increase of wages by 30% from May 1, with the following increase by the end of the year to the equivalent of 1 thousand euros, the Independent Miners Union chairman Mikhail Volynets reported. But the administration is unmoved –…Details
Energomashspetsstal has shipped a batch of rolls to Mariupol Ilyich Iron and Steel Works. According to the company statement, the totals weight of the rolls is 121.82 tons, they will be used in hot-rolling strip mills. The corresponding contract was concluded in January. By the end of the year EMSS will have supplied 371.78 tons…Details
On May 15 the government of India imposed final antidumping duties for 5 years on some types of cold-rolled metal originating from Ukraine, South Korea, China and Japan. The duty is the difference between the customs cost of the cold-rolled steel and $576 per ton. The investigation was started on the request of Steel Authority…Details
The United Mining and Chemical Company will spend 50% of its 2016 net profits to pay dividends, having sent 338.849 million UAH to the state budget. The decree on the dividends payment was approved by the Ministry of economical development and trade on April 28, and UMCC received it on May 13. The dividends have…Details